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Re: None

Tuesday, 04/11/2023 10:51:09 AM

Tuesday, April 11, 2023 10:51:09 AM

Post# of 3666
Prop it up baby prop it up!!!

As of march 2023 debt is higher than cash on hand. Have not seen this in quite some time. Check the long term debt, it almost doubled from previous quarter. Retained earnings have been on the decline past two quarters and will most likely continue. Looks like a valuation pump based on plant construction revenue needs rather than fundamentals.
https://www.sec.gov/Archives/edgar/data/723125/000072312523000022/mu-20230302.htm

Combine that with the fact that ETH is no longer POW. The demand will probably not see 2020-2022 levels for quite some time. Everything the in the report that they are pushing this up with, has more arguments against than for this analyst's thesis.

Yes, Samsung cuts are good but this is just a slightly less bad story than an actual good one.

I like micron, but after this run I, still think this is going lower...
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